Pan Ocean orders boxship pair at Hyundai Mipo

South Korean owner Pan Ocean has placed an order at domestic yard Hyundai Mipo Dockyard for the construction of two 1,800 teu containerships.

The total price for the two vessels is $50m and delivery of the vessels are scheduled in the second half of 2019 and the first half of 2020.

The two newbuildings will be installed with scrubbers and are expected to be deployed on the company’s Southeast Asia services.

Pan Ocean is primarily a bulker operator, and also operates two feedermax boxships, Pos Tokyo and Pos Yokohama.

Pan Ocean’s last containership newbuilding order was placed in 2010, when it ordered two 1,740 teu vessels at China’s Huangpu Wenchong Shipbuilding, however, the order was eventually cancelled in 2013 due to the company’s financial difficulties.

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.